CLNR vs. GABF
Compare and contrast key facts about IQ Cleaner Transport ETF (CLNR) and Gabelli Financial Services Opportunities ETF (GABF).
CLNR and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLNR is a passively managed fund by IQ Funds that tracks the performance of the IQ Candriam Cleaner Transport Index. It was launched on Oct 21, 2021. GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLNR or GABF.
Key characteristics
| CLNR | GABF | |
|---|---|---|
| YTD Return | 3.98% | 25.72% |
| 1Y Return | 8.51% | 43.16% |
| Sharpe Ratio | 0.57 | 2.79 |
| Daily Std Dev | 17.25% | 16.03% |
| Max Drawdown | -37.40% | -17.14% |
| Current Drawdown | -5.70% | -2.41% |
Correlation
The correlation between CLNR and GABF is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CLNR vs. GABF - Performance Comparison
In the year-to-date period, CLNR achieves a 3.98% return, which is significantly lower than GABF's 25.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLNR vs. GABF - Expense Ratio Comparison
CLNR has a 0.45% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
CLNR vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Cleaner Transport ETF (CLNR) and Gabelli Financial Services Opportunities ETF (GABF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CLNR vs. GABF - Dividend Comparison
CLNR's dividend yield for the trailing twelve months is around 2.44%, less than GABF's 3.93% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CLNR IQ Cleaner Transport ETF | 2.12% | 3.09% | 2.70% |
GABF Gabelli Financial Services Opportunities ETF | 3.93% | 4.95% | 1.31% |
Drawdowns
CLNR vs. GABF - Drawdown Comparison
The maximum CLNR drawdown since its inception was -37.40%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for CLNR and GABF. For additional features, visit the drawdowns tool.
Volatility
CLNR vs. GABF - Volatility Comparison
IQ Cleaner Transport ETF (CLNR) has a higher volatility of 6.70% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.43%. This indicates that CLNR's price experiences larger fluctuations and is considered to be riskier than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.